Arthur Hayes: Stablecoin IPOs Are Exploding “Hot Potatoes”
BitMEX co-founder Arthur Hayes has warned that several overhyped stablecoin companies would follow the recent public listing of Circle (CRCL). On June 16, Hayes declared that Circle’s IPO marks the beginning of a “stablecoin mania” cycle, one that will ultimately see most new entrants fail. The expert predicted that a bubble will form and burst…